FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BARTKOWSKI STEVE
2. Issuer Name and Ticker or Trading Symbol

PREFERRED APARTMENT COMMUNITIES INC [ APTS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

PREFERRED APARTMENT COMMUNITIES, INC., 3284 NORTHSIDE PARKWAY NW, SUITE 150
3. Date of Earliest Transaction (MM/DD/YYYY)

3/19/2012
(Street)

ATLANTA, GA 30327
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 10/15/2019  P  373.193 (1)A$14.48 86363.686 D 
 
Common Stock, par value $0.01 per share 10/15/2019  P  515.570 (1)A$14.48 86879.256 D 
 
Common Stock, par value $0.01 per share 1/15/2020  P  418.384 (1)A$13.44 87297.640 D 
 
Common Stock, par value $0.01 per share 1/15/2020  P  565.588 (1)A$13.44 87863.228 D 
 
Common Stock, par value $0.01 per share 4/15/2020  P  785.179 (1)A$7.30 88648.407 D 
 
Common Stock, par value $0.01 per share 4/15/2020  P  1061.434 (1)A$7.30 89709.841 D 
 
Common Stock, par value $0.01 per share 7/15/2020  P  517.770 (1)A$7.65 90227.611 D 
 
Common Stock, par value $0.01 per share 7/15/2020  P  699.941 (1)A$7.65 90927.552 D 
 
Common Stock, par value $0.01 per share 10/15/2020  P  738.947 (1)A$5.48 91666.499 D 
 
Common Stock, par value $0.01 per share 10/15/2020  P  998.936 (1)A$5.48 92665.435 D 
 
Common Stock, par value $0.01 per share 1/15/2021  P  545.527 (1)A$7.66 93210.962 D 
 
Common Stock, par value $0.01 per share 1/15/2021  P  737.465 (1)A$7.66 93948.427 D 
 
Common Stock, par value $0.01 per share 4/15/2021  P  420.012 (1)A$10.18 94368.439 D 
 
Common Stock, par value $0.01 per share 4/15/2021  P  567.788 (1)A$10.18 94936.227 D 
 
Common Stock, par value $0.01 per share 7/15/2021  P  425.883 (1)A$10.21 95362.110 D 
 
Common Stock, par value $0.01 per share 7/15/2021  P  575.725 (1)A$10.21 95937.835 D 
 
Common Stock, par value $0.01 per share 10/15/2021  P  347.948 (1)A$12.71 96285.783 D 
 
Common Stock, par value $0.01 per share 10/15/2021  P  470.369 (1)A$12.71 96756.152 D 
 
Common Stock, par value $0.01 per share 1/14/2022  P  252.389 (1)A$17.76 97008.541 D 
 
Common Stock, par value $0.01 per share 1/14/2022  P  341.189 (1)A$17.76 97349.730 D 
 
Common Stock, par value $0.01 per share 4/14/2022  P  181.808 (1)A$24.90 97531.538 D 
 
Common Stock, par value $0.01 per share 4/14/2022  P  245.776 (1)A$24.90 97777.314 D 
 
Common Stock, par value $0.01 per share 3/19/2012  P  100 A (2)97877.314 D 
 
Common Stock, par value $0.01 per share 11/25/2015  P  70 A (3)97947.314 D 
 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class A Units (4) (4)           (4) (4)Common Stock $1223 (4) 1223 D 
 

Explanation of Responses:
(1) Shares were purchased by the broker in a broker administered dividend reinvestment program pursuant to an election by the reporting person.
(2) Purchase price is unkown due to a lack of records being retained. The market price for our common stock ranged from a high of $8.97 to a low of $8.20 on March 19, 2012.
(3) Purchase price is unkown due to a lack of records being retained. The market price for our common stock ranged from a high of $11.04 to a low of $10.83 on November 25, 2015.
(4) Represents Class A Units ("Class A Units") of Preferred Apartment Communities Operating Partnership, L.P., of which Preferred Apartment Communities, Inc. (the "Company") is the general partner. Each Class A Unit may be exchanged for one share of the Company's common stock, or cash, as selected by the Company. Class A Units have no expiration date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
BARTKOWSKI STEVE
PREFERRED APARTMENT COMMUNITIES, INC.
3284 NORTHSIDE PARKWAY NW, SUITE 150
ATLANTA, GA 30327
X



Signatures
/s/ Jeffrey R. Sprain, Attorney-in-Fact4/20/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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